Exercise 15-5 (Part Level Submission) Ikerd Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to to For the year, $444,755 of overhead costs are incurred and 131,500 hours are used. $348,189 for the year, and machine usage is estimated at 125,700 hours (a) Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, 9. 1.52.) Manufacturing overhead rate per machine hour Click if you would like to show Work for this questioni Coen Show Work Exercise 15-5 (Part Level Submission) Ikerd company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $348,189 for the year, and machine usage is estimated at 125.700 hours For the year, 1444,755 of overhead costs are incurred and 131,500 hours are used Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, 9. 1.52.) Manufacturing overhead rates per machine hour Click if you would like to show Work for this question Deen Son Works